Procuri Further Demonstrates Commitment to Customers at Empower 2004

Business Wire, Sept 27, 2004

ATLANTA -- Procuri Inc., a leading provider of Web-based strategic sourcing solutions, is continuing to demonstrate its industry leadership and commitment to clients. Nearly 200 participants converged in Atlanta at the Procuri Empower 2004 Strategic Sourcing Conference on September 13-15 to gain further insight into the value of strategic sourcing in today's highly competitive marketplace from visionary companies including Acuity Brands, Alliance Capital, Bank of America, Newell Rubbermaid and Rio Tinto.

During Empower 2004, attendees learned more about Procuri's new TotalSource(TM) solution suite, as well as gained insight into trends and strategies from leading industry analysts and purchasing experts including Tim Minahan, senior vice president of Supply Chain Management Research, Aberdeen Group; Pierre Mitchell, vice president, AMR Research; Andy Kyte, vice president and Gartner Fellow, Gartner; and Norbert Ore, Chair, Manufacturing Business Survey Committee, ISM. Attendees also enjoyed hands-on workshops presented by Procuri's strategic sourcing experts.

"This year's theme, 'We Believe in You,' reconfirms our mission to ensure that all our customers quickly become self sufficient while achieving measurable business improvements within weeks, not months or years," said Mark F. Morel, Sr., Procuri's president and chief executive officer. "Procuri Empower 2004 provided our customers the opportunity to learn from industry colleagues, hear from industry analysts and engage with purchasing experts - all of which will help them reach their next level of strategic sourcing."

Procuri Empower 2004 Conference Highlights Include:

--Mark Morel, president and CEO, kicked off the event with his opening address which discussed the challenges faced by purchasing professionals and how strategic sourcing is improving business performance for many organizations worldwide.

--Procuri TotalSource(TM) was unveiled and further demonstrated during sessions about conducting complex sourcing events. Designed by procurement professionals and incorporating input from more than 130 customers, Procuri TotalSource automates, streamlines and institutionalizes processes and best practices across the entire strategic sourcing spectrum for enterprises of all sizes, industries, geographies and spend categories.

--Insightful keynote presentations were delivered by Tim Minahan, Senior Vice President of Supply Chain Management Research, Aberdeen Group; Pierre Mitchell, Vice President, AMR Research; Andy Kyte, Vice President and Gartner Fellow, Gartner; and Norbert Ore, Chair, Manufacturing Business Survey Committee, ISM.

--Procuri announced its status as a Silver Alliance Partner with SAS Institute, the world's leader in business intelligence software. The partnership allows both software makers to build on established sourcing and service strengths for customers of all sizes across all vertical markets.

--Acuity Brands selected Procuri as one of its strategic sourcing solution providers in an effort to build a more globally competitive supply chain. With global operations throughout North America and in Europe and Asia, Acuity Brands will use Procuri's robust solutions to consolidate purchases across divisions. This approach will improve the decision-making process and further develop the company's world-class supplier organization.

--Procuri announced joint marketing agreements with Open Ratings, Inc., a leading provider of proactive supply management solutions, and SupplyWorks, Inc., a leader in direct materials supply management software for discrete manufacturers.

About Procuri Empower 2004

The exclusive two-day conference - held on September 13-15, 2004 at the Ritz-Carlton Buckhead in Atlanta -provided a forum for customers, partners, purchasing executives and industry analysts to discuss new developments and common issues, while building mutually profitable relationships. By concentrating on practical business benefits and real-life examples, attendees gained the understanding of the power behind sourcing solutions along with methods to overcome internal and external challenges.

About Procuri Inc.

Procuri, the fastest growing strategic sourcing solutions company, empowers more than 130 customers of all sizes, industries, geographies and spend categories, including Procter & Gamble, Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, Rio Tinto and U.S. Steel. With a 100 percent customer retention rate, Procuri's Web-based solutions are significantly driving down costs and cutting cycle times for enterprises sourcing from more than 88 countries. For more information, call 1-877-360-1600 or visit www.procuri.com.

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